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Hyundai Elantra, Hatchback, Sedan
#3949 of 4426 Re: 2011/2012 Insurance costs?
Sep 22, 2011 (12:47 pm)
I'm not sure what is going on with Allstate or my agent. Once I get the Elantra the final pricing might change somewhat since the agent said the rates can change once they put that in vs just entering model, etc. Her final estimates for Cruze, Focus and Elantra, all in the $19-$20K range are:
Chevy Cruze - $420.96/six months
Ford Focus - $452.86/ six months
Hyundai- $446.46/six months
So, I'll stick with the Hyundai. I will also probably get competitive quotes on all my coverage from some major players just to see if I am being taken for a ride. I do have quite a good history with Allstate but it might not really take but a few things going wrong to see if they live up to their good hands .
Thanks for all the input.
#3950 of 4426 Re: 2011/2012 Insurance costs? [fushigi]
Sep 22, 2011 (12:55 pm)
Hum. Hard to compare exactly in different locations. Memphis suburbs. 3 vehicles, 2 full coverage, $500 deduct ($300 effective with 2 years no accident), $0 deduct comprehensive, 1 Isuzu Trooper liability, med pay, UM, no collision or comp. 100,000 - 300,00 liability.
Homeowner Full coverage, $1000 deductible, $385,000 property coverage.
Umbrella takes the coverage on the cars, home, etc. up to $1,000,000. That has gone up to about $380 a year. Will consider if I really need that anymore since I don't have dependents with risky behavior around any more
Thanks for all the input on the discussion today folks.
Hoping to get a call soon that the Elantra is on the lot
#3951 of 4426 Insurance
by kyfdx HOST
Sep 22, 2011 (2:27 pm)
Compacts and sub-compacts are expensive... SUVs are cheap...
That is a general statement, but true in most cases...
It might have something to do with demographics and who owns and drives those cars..
#3952 of 4426 Re: Insurance [kyfdx]
Sep 22, 2011 (2:36 pm)
Thats so true about denographics. I live around 30 miles NW of Raleigh, N.C., and I haven't had a accident since 1986, or a ticket since 1991. Tha 1 horse town I live in is called Butner, and it's Bernie Madoff's new home.(Fed. prison) hahaha. Anyway, I pay just over $300.00 every 6 months, an being in your mid 60's helps to.
#3953 of 4426 Re: 2011/2012 Insurance costs? [wlbrown9]
Sep 22, 2011 (4:57 pm)
I didn't think Consumer Reports actually conducted crash tests.
#3955 of 4426 Hyundai Playing all of us
Sep 23, 2011 (11:17 am)
This is all about Supply and Demand. Hyundai motors is clearly not over-stocking their lots with Elantras & Sonatas purposely. They are basically only getting a few to keep the demand high so they can ask top $$$$ and even in some cases above MSRP for the vehichle.
They know smaller cars and b/c of the crisis in Japan they can play all of us. The real question is when things settle back down in japan and civic, corrolla, and other vehichles ramp up their styling will people leave Hyundai becuase they are tired of waiting around and jump to a car then can be sold below invoice?
I had a dealer try to explain to me b/c of the Japan Tsunami there werent many Hyundai's available. I laughed and said, thats funny because most of the parts are made here in American specially Alabama, and manufacturing plant is in Egpyt and its a Korean car. Don't let any of them fool you to think that they are FLYING OFF THE LOTS. The only reason they are "Flying off the lots" is because they only put 3 or 4 on lot at a time.
#3956 of 4426 Re: Hyundai Playing all of us [bmich]
Sep 23, 2011 (11:47 am)
Except that's not the way it works. Hyundai corporate receives invoice minus holdback & incentives on their vehicles. All manufacturers do. It doesn't significantly impact their bottom line if cars sell for MSRP, above, or below. The only difference in revenue I can think of is incremental interest income in their finance operation.
The dealerships are the ones asking, and apparently getting, MSRP and in some cases over.
Elantras are built in Alabama or at Hyundai's Ulson plant in Korea. From the info I saw, the Egypt plant belongs to a contract manufacturer (Ghabbour Group) and build cars for that market only.
As to the Japanese earthquake (the root cause of the tsunami), it impacted not only Japanese car companies but component manufacturers. Those component manufacturers make parts that go in many brands. One of GM's trucks, for instance, was the first to have production idled due to a parts shortage.
I'm unaware of any auto manufacturer intentionally starving their dealers & customers of product. This is a different segment from, say, video console systems where it's alleged that Nintendo intentionally held production down to keep buzz high. In that market, people will easily wait or buy multiple systems. In the automotive market, if a manufacturer doesn't have product available when a consumer needs a car, the consumer looks elsewhere. Many customers are not able or willing to wait for weeks on end for the chance at a car.
It is not in Hyundai's interest at all to spoon feed cars to the marketplace. They can't gain the buzz from a Top 10 Seller list if they intentionally don't offer enough cars for sale.
And realistically, the Elantra doesn't have to hit invoice. In the Compact Cars thread I posted a comparison between an Elantra and a Cruze. Comparably equipped (both nicely loaded), the Elantra was more than $2K cheaper than the Cruze. A Cruze at invoice is thus still more expensive that an Elantra at MSRP.
#3957 of 4426 Re: Hyundai Playing all of us [bmich]
Sep 23, 2011 (11:51 am)
Well, I think if they could deliver more units, they would sell them. Without factory incentives, Hyundai get just about the same for each unit. Are the plants running at capacity? Extra shifts? I really don't know. A little searching found these figures for August:
Last month, the Santa Fe SUV and Tuscon crossover vehicle made the largest strides in sales percentage increase, but the stars of the show continued to be the Sonata and Elantra which sold 20.682 and 15.054 units respectively.
That looks to be almost 500 Elantras per day for the month.
#3958 of 4426 Re: Hyundai Playing all of us [wlbrown9]
Sep 23, 2011 (1:23 pm)
If I remember correctly the Hyundai Alabama plant was designed to build ~300K vehicles per year at capacity. At the rates the Sonata and Elantra are selling right now, they are at or above designed capacity, which is why Hyundai has to import some Elantras from Ulsan. That does not seem indicate any deliberate attempt to throttle supply. If they could build more, I am sure they would.
Matter of fact, I do remember reading an business article earlier this year that Hyundai is looking at possibly building another plant to boost capacity, but that is a few years down the road yet.